AZZ (NYSE:AZZ) Updates FY 2020 Earnings Guidance

AZZ (NYSE:AZZ) issued an update on its FY 2020 earnings guidance on Monday morning. The company provided EPS guidance of $2.25-2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51. The company issued revenue guidance of $950.00 – 1.03 billion, compared to the consensus revenue estimate of $983.15 million.

NYSE AZZ opened at $46.10 on Monday. The stock has a 50 day moving average of $44.02. The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 23.52 and a beta of 1.44. AZZ has a 52-week low of $37.43 and a 52-week high of $56.05.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Monday, May 20th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). The company had revenue of $202.50 million during the quarter, compared to analysts’ expectations of $223.29 million. AZZ had a return on equity of 8.67% and a net margin of 5.52%. AZZ’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts predict that AZZ will post 2.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 22nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, July 19th. AZZ’s payout ratio is presently 34.69%.

Separately, Zacks Investment Research raised shares of AZZ from a hold rating to a buy rating and set a $47.00 price objective on the stock in a research report on Monday, June 3rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $50.33.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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